Brand Builders Blog™ : Maryland Small Business Funding Programs: Quick Reference Guide

Fusion Brand Builders™ : Maryland Small Business Funding Programs: 

Quick Reference Guide

Are you a Maryland food truck owner or small business entrepreneur looking for funding opportunities? 

We've compiled a handy list of state-funded programs to help you expand your business or purchase new equipment. 

Here's a quick overview of available resources:State Small Business Credit Initiative (SSBCI)

  • Purpose: Enhances small business loan programs
  • Funding: Up to $198 million in federal assistance
  • Link: Maryland SSBCI Program 

Maryland Small Business Development Financing Authority (MSBDFA)

  • Options: Contract Financing, Guarantee Programs, Term Loans
  • Use: Equipment, working capital, real estate
  • Link: MSBDFA Programs

Maryland Economic Adjustment Fund (MEAF)

  • Loan Amount: Up to $150,000
  • Eligibility: Businesses with fewer than 50 employees
  • Link: MEAF Program

Microenterprise Loan Program

Equipment Financing

Maryland Department of Commerce Programs

Business Boost Program

  • Administered by: Maryland Department of Housing and Community Development
  • Eligibility: New and expanding small businesses in Sustainable Communities
  • Link: Business Boost Program 

Remember, each program has its own eligibility criteria and application process. 

We recommend visiting the provided links for the most up-to-date information and application procedures.

At Fusion Serve, we're committed to helping our vendors succeed. 

If you're interested in joining our platform we offer a Equipment Buy-Back Program or have if you have questions about these funding opportunities, don't hesitate to reach out. Let's grow your food business together!

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